Boston VA Loan Rates, Closing Costs & Stats
Boston-Cambridge-Newton, MA-NH
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who
have served or are presently serving in the U.S. military. The VA does not directly lend,
it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will
also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan,
it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out
refis.
For additional benefits of VA loans, click here.
Boston's 121 lenders originated 1,828 VA
loans during 2024. The total origination value was $1,029,260,000, with an average VA loan value of
$563,053.
Boston VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Boston
averaged
0.38%
for the week of 2025-07-04, compared to the national average (all VA variants) of
0% for the same period.
Boston's average VA mortgage closing costs are $7,473.
The average rate for the prior week (2025-06-27) was
6.81% and
one month ago for the week of 2025-05-30, the
average rate was 6.64%.
The average rate one year ago was 7.05%.
For refis of the same type during the week of 2025-07-04, the average rate
was 0.36%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Boston VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Boston level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
227
|
6.34%
|
$10,857
|
UNITED WHOLESALE MORTGAGE, LLC
|
171
|
5.89%
|
$9,138
|
QUICKEN LOANS, LLC
|
116
|
5.97%
|
$12,177
|
FREEDOM MORTGAGE CORPORATION
|
104
|
6.12%
|
$10,858
|
GUARANTEED RATE, INC.
|
100
|
6.01%
|
$6,374
|
CMG MORTGAGE, INC.
|
78
|
6.34%
|
$10,533
|
CROSSCOUNTRY MORTGAGE, LLC
|
73
|
6.30%
|
$9,283
|
PENNYMAC LOAN SERVICES, LLC
|
64
|
5.72%
|
$9,040
|
LOANDEPOT.COM, LLC
|
62
|
6.12%
|
$11,899
|
NAVY FEDERAL CREDIT UNION
|
52
|
5.92%
|
$7,901
|
MOVEMENT MORTGAGE, LLC
|
47
|
6.27%
|
$9,557
|
The Federal Savings Bank
|
41
|
6.17%
|
$22,252
|
GUILD MORTGAGE COMPANY
|
39
|
6.15%
|
$10,332
|
USAA Federal Savings Bank
|
38
|
6.10%
|
$12,866
|
Leader Bank
|
37
|
6.10%
|
$7,547
|
NEWREZ LLC
|
33
|
5.93%
|
$10,076
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
33
|
6.49%
|
$9,277
|
EMM LOANS LLC
|
24
|
6.20%
|
$11,598
|
VILLAGE CAPITAL MORTGAGE
|
23
|
5.64%
|
$10,262
|
LAKEVIEW LOAN SERVICING, LLC
|
18
|
5.64%
|
$8,197
|
GUARANTEED RATE AFFINITY, LLC
|
16
|
6.25%
|
$5,853
|
Mr. Cooper ( Nationstar Mortgage )
|
14
|
6.26%
|
$10,598
|
NBKC BANK
|
14
|
5.66%
|
$6,539
|
BROKER SOLUTIONS, INC.
|
13
|
6.34%
|
$10,650
|
Magnolia Bank
|
13
|
5.47%
|
$22,025
|
TOTAL MORTGAGE SERVICES, LLC
|
13
|
6.42%
|
$13,364
|
RADIUS FINANCIAL GROUP INC.
|
12
|
6.27%
|
$14,669
|
SALEM FIVE MORTGAGE COMPANY, LLC
|
11
|
6.31%
|
$15,253
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
11
|
5.95%
|
$17,344
|
NEW DAY FINANCIAL, LLC
|
11
|
7.67%
|
$15,782
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
11
|
6.02%
|
$9,563
|
First Federal Bank
|
11
|
5.77%
|
$9,045
|
MORTGAGE EQUITY PARTNERS LLC
|
8
|
6.08%
|
$14,417
|
Keystone Funding, Inc.
|
7
|
6.13%
|
$14,448
|
NORTHPOINT MORTGAGE, INC.
|
7
|
6.02%
|
$14,129
|
Barrington Bank & Trust Company, N.A.
|
7
|
5.82%
|
$10,131
|
HARBORONE MORTGAGE, LLC
|
7
|
6.13%
|
$4,621
|
ENVOY MORTGAGE, LTD
|
7
|
6.32%
|
$11,649
|
Presidential Bank, FSB
|
6
|
6.19%
|
$12,054
|
AMERICAN FINANCIAL NETWORK, INC.
|
6
|
6.04%
|
$15,205
|
MSA MORTGAGE, LLC
|
6
|
6.00%
|
$8,534
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
6
|
6.77%
|
$14,921
|
Flagstar Bank, FSB
|
6
|
6.05%
|
$9,494
|
Armed Forces Bank
|
6
|
5.98%
|
$11,114
|
PENTAGON FEDERAL CREDIT UNION
|
5
|
5.85%
|
$6,537
|
FIRST MORTGAGE COMPANY, INC.
|
5
|
6.67%
|
$8,765
|
HOMESIDE FINANCIAL, LLC
|
4
|
7.06%
|
$16,082
|
PHH Mortgage Corporation
|
4
|
5.34%
|
$12,212
|
Texana Bank
|
4
|
6.03%
|
$18,193
|
HANSCOM
|
4
|
6.41%
|
$8,290
|
Rockland Trust Company
|
3
|
6.71%
|
$14,106
|
JPMorgan Chase Bank
|
3
|
6.37%
|
$1,162
|
U.S. Bank
|
3
|
6.33%
|
$13,656
|
NORWICH COMMERCIAL GROUP, INC.
|
3
|
6.25%
|
$10,316
|
Northpointe Bank
|
3
|
5.67%
|
$9,994
|
LEADERONE FINANCIAL CORPORATION
|
3
|
6.71%
|
$4,419
|
BAY EQUITY LLC
|
3
|
6.33%
|
$9,010
|
BAYCOAST MORTGAGE COMPANY, LLC
|
3
|
6.17%
|
$5,334
|
PLANET HOME LENDING, LLC
|
3
|
4.71%
|
$3,361
|
NATIONS DIRECT MORTGAGE, LLC
|
3
|
6.04%
|
$10,657
|
ALLIED MORTGAGE GROUP, INC.
|
3
|
6.33%
|
$6,882
|
AMERISAVE MORTGAGE CORPORATION
|
3
|
5.96%
|
$21,059
|
RELIANCE FIRST CAPITAL, LLC
|
3
|
5.92%
|
$33,144
|
ZILLOW HOME LOANS, LLC
|
2
|
6.75%
|
$6,895
|
Ameris Bank
|
2
|
5.94%
|
$24,029
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
2
|
5.94%
|
$7,722
|
Bridgewater Savings Bank
|
2
|
6.00%
|
$11,433
|
CARDINAL FINANCIAL
|
2
|
5.62%
|
$6,703
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
6.75%
|
$8,267
|
DREW MORTGAGE ASSOCIATES, INC.
|
2
|
5.75%
|
$10,545
|
Easthampton Savings Bank
|
2
|
6.13%
|
$8,944
|
EMBRACE HOME LOANS, INC.
|
2
|
6.13%
|
$15,972
|
EQUITY RESOURCES, INC.
|
2
|
6.75%
|
$5,517
|
Evolve Bank & Trust
|
2
|
6.50%
|
$4,985
|
FIRST COMMUNITY MORTGAGE, INC.
|
2
|
6.50%
|
$14,007
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
2
|
6.50%
|
$4,604
|
JMAC LENDING, INC.
|
2
|
5.75%
|
$16,599
|
Lakeview Community Capital, LLC
|
2
|
5.50%
|
$5,842
|
NATIONS RELIABLE LENDING, LLC
|
2
|
6.44%
|
$7,828
|
NEW FED MORTGAGE, CORP.
|
2
|
6.19%
|
$14,148
|
Paramount Residential Mortgage Group, Inc.
|
2
|
6.50%
|
$11,885
|
Plains Commerce Bank
|
2
|
6.00%
|
$7,322
|
Prosperity Home Mortgage, LLC
|
2
|
6.25%
|
$5,275
|
TD Bank
|
2
|
6.88%
|
$2,254
|
The Washington Trust Company, of Westerly
|
2
|
6.13%
|
$6,896
|
TJC Mortgage, Inc.
|
2
|
6.13%
|
$7,693
|
FIRST HOME MORTGAGE CORPORATION
|
1
|
7.13%
|
$9,830
|
PLAZA HOME MORTGAGE, INC.
|
1
|
5.63%
|
$3,720
|
PNC Bank
|
1
|
7.25%
|
$22,933
|
POLARIS HOME FUNDING CORP.
|
1
|
7.00%
|
$14,002
|
FIRST COLONY MORTGAGE CORPORATION
|
1
|
6.25%
|
$3,963
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
1
|
6.75%
|
$14,573
|
FBC MORTGAGE, LLC
|
1
|
6.25%
|
$6,796
|
AMERICAN FINANCING CORPORATION
|
1
|
5.25%
|
$17,857
|
Fall River Five Cents Savings Bank
|
1
|
5.75%
|
$10,294
|
Equity Prime Mortgage LLC
|
1
|
6.75%
|
$20,249
|
Eastern Bank
|
1
|
6.13%
|
$4,574
|
Republic State Mortgage Co.
|
1
|
5.25%
|
$20,202
|
Residential Mortgage Solutions, Inc.
|
1
|
6.25%
|
$21,498
|
CONTOUR MORTGAGE CORPORATION
|
1
|
6.25%
|
$25,682
|
Citizens Bank
|
1
|
6.38%
|
$4,527
|
Semper Home Loans, Inc.
|
1
|
6.75%
|
$10,553
|
Service Federal Credit Union
|
1
|
6.25%
|
$8,164
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
5.63%
|
$12,196
|
SUN WEST MORTGAGE COMPANY, INC.
|
1
|
6.63%
|
$32,992
|
TBI MORTGAGE COMPANY
|
1
|
6.00%
|
$6,145
|
Waterstone Mortgage Corporation
|
1
|
6.00%
|
$17,040
|
Carrington Mortgage Services, LLC
|
1
|
5.25%
|
$11,708
|
The Camden National Bank
|
1
|
6.00%
|
$11,648
|
Bank of England
|
1
|
5.88%
|
$24,862
|
Wells Fargo Bank
|
1
|
6.25%
|
$15,934
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
6.25%
|
$3,588
|
AmeriHome Mortgage Company, LLC
|
1
|
5.63%
|
$3,228
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
1
|
6.75%
|
$17,628
|
American Mortgage & Equity Consultants, Inc.
|
1
|
6.25%
|
$5,330
|
Paramount Bank
|
1
|
6.50%
|
$24,119
|
AMERICAN INTERNET MORTGAGE, INC.
|
1
|
5.25%
|
$3,324
|
NATION ONE MORTGAGE CORPORATION
|
1
|
7.25%
|
$1,495
|
MORTGAGE ACCESS CORP.
|
1
|
6.50%
|
$29,281
|
LOANPAL, LLC
|
1
|
5.25%
|
$25,758
|
Uwharrie Bank
|
1
|
5.75%
|
$8,242
|
The top Boston VA lender as defined by loan originations is Mortgage Research Center, LLC, with
227 VA loans originated. Their average total fees are
$10,857, which is $1,720
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Boston VA lenders (with over 10 loans originated) are
GUARANTEED RATE AFFINITY, LLC ($5,853), GUARANTEED RATE, INC. ($6,374), NBKC BANK ($6,539), Leader Bank ($7,547) and NAVY FEDERAL CREDIT UNION ($7,901).
The lowest rate Boston VA lenders (with over 10 loans originated) are
Magnolia Bank (5.47%), LAKEVIEW LOAN SERVICING, LLC (5.64%), VILLAGE CAPITAL MORTGAGE (5.64%), NBKC BANK (5.66%) and PENNYMAC LOAN SERVICES, LLC (5.72%).
VA Loan Features
No down payment required
Negotiable and competitive interest rate.
Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent
and exemption for veterans receiving VA compensation).
VA rules limit the amount you can be charged for closing costs.
Closing costs are comparable with other financing types (and may be lower).
Closing costs may be paid by the seller.
No private mortgage insurance premiums are required.
An assumable mortgage.
Right to prepay your mortgage without penalty.
For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain
cooperation of builder.
VA assistance to veteran borrowers in default due to temporary financial difficulty.